Evolution AB (publ) (EVVTY) Q3 2026 Earnings Call Transcript

Evolution AB (publ) (EVVTY) Q3 2026 Earnings Call Transcript

Seeking Alpha • Oct 23, 2026

Candle Lake offers to buy online casino firm Evolution for $14 billion

Candle Lake ‌has offered to buy Swedish online casino provider Evolution for about 131.7 billion Swedish crowns ($13.8 billion), ​or 695 crowns per share, the ​investment firm owned by billionaire Kenneth Dart ⁠said on Thursday.

Reuters • Aug 13, 2026

Evolution AB: A Debt-Free, High-Margin Compounder Still Trading At A Discount

Evolution AB remains a Strong Buy, supported by exceptional 65.9% EBITDA margins, robust free cash flow, and a debt-free balance sheet. Q2 results showed resilience: revenue and EBITDA dipped 1.2%, but EPS rose 4.7%, and H1 free cash flow reached €569.61 million. A €2 billion buyback program, representing a 15.53% total yield, underscores capital return strength despite suspended dividends.

Seeking Alpha • Aug 1, 2026

Kenneth Dart's Candle Lake Crosses Mandatory Bid Threshold For Sweden's Evolution

Candle Lake now has four weeks to either submit a bid for the remaining shares or reduce its holding.

WSJ • Jul 27, 2026

Evolution: The Market Is Overly Focused On Asia

Evolution AB reported Q2 results nearly in line with analyst expectations. Volatility in Asia, still stemming from cybercrime, caused EVVTY's subdued overall earnings performance. Other markets have shown a better performance. EVVTY's momentum improved in Europe, and smaller markets continue to grow very well.

Seeking Alpha • Jul 19, 2026

Evolution AB (publ) (EVVTY) Q2 2026 Earnings Call Transcript

Evolution AB (publ) (EVVTY) Q2 2026 Earnings Call Transcript

Seeking Alpha • Jul 17, 2026

Evolution: Upside Is There, And The Buybacks Are Attractive

Evolution shifts from dividends to a major SEK 20B buyback, targeting a 15.5% share reduction amid strong cash flow. EVVTY's net cash position, 8.8% earnings yield, and low WACC make buybacks highly accretive at current depressed multiples. I am raising my price target to 700 SEK/share, reflecting 15% annualized upside potential through 2028, and I reiterate a 'BUY' rating.

Seeking Alpha • Jun 30, 2026

The Broyhill Q1 2026 Portfolio Strategy And Positioning

Valvoline was Broyhill's largest contributor in the quarter, as the underlying unit economics are intact, while unit growth, service mix, and price continue moving in the same direction. Honeywell management accelerated the aerospace spin-off to the end of June, leaving behind a pure-play automation business that Broyhill believes is worth meaningfully more than the whole. Large pharma is structurally reliant on IQVIA's clinical trial architecture and proprietary data assets, and Broyhill thinks it is highly unlikely that AI can automate away the FDA approval process.

Seeking Alpha • May 15, 2026

Evolution: Concerns Are Justified, But Overblown

Evolution AB reported sluggish earnings growth in Q1. This time around, Europe performed the weakest for EVVTY. Previous ringfencing actions and unregulated channel growth weigh on EVVTY. Asia has started to stabilize despite continued cybercrime issues. North America and Latin America have clear further growth potential for EVVTY.

Seeking Alpha • Apr 24, 2026

Evolution AB: The 'Picks And Shovels' King Of Online Gambling Is Still On Sale

Evolution AB remains a Strong Buy, underpinned by a spotless balance sheet and robust free cash flow despite near-term European weakness. EVVTY's Q1 EBITDA margin held at 65.4%, with standout LATAM growth (+29.3% YoY) helping offset a 5.9% revenue decline in Europe. Evolution's valuation remains compelling, with intrinsic value estimated well above current levels even when using conservative assumptions to account for potential risks.

Seeking Alpha • Apr 23, 2026